Nigeria said it will issue 70 billion naira ($442 million) in sovereign bonds maturing in 2019 and 2022 on Feb. 29, its second monthly debt auction this year, the Debt Management Office (DMO) said on Thursday.  The debt office said it would sell 35 billion naira of each bond. These […]

Flour Mills of Nigeria said on Thursday it successfully raised 34.97 billion naira ($220.80 million) in a rights issue of shares.  Shares in Flour Mills closed down 2.73 percent at 57.54 naira per share.  The rights issue was meant to raise 28.24 billion through the sale of 455.56 milion ordinary […]

Three former executives of disgraced medical equipment and camera maker Olympus Corp were arrested on Thursday over their role in a $1.7 billion accounting fraud, one of Japan’s biggest corporate scandals. The three had been identified by an investigative panel, commissioned by the company, as the main culprits in the […]